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EUR/GBP Trendmagic System

  • #4,241
  • Jul 8, 2009 10:08pm Jul 8, 2009 10:08pm
Quoting agoyenec
Edge,

Great contribution on this Thread -- Thanks.

I've seen a "vertiginous evolution" in your trading systems. Can you tell us what is your actual trading system (settings, indys, TF, pairs, ...) - a sort of executive brief...

Thanks,

Alfredo

(GREAT TRADING TODAY +334 pips shorting EJ in the morning - best ride ever !!!!)
I trade the TS8 platform personally.

Use script strategy including color coded candles (5M) and Renko charts (0.0005 setting) that are overlayed and based upon a 3/8 MA cross as my primer.

Use base Trix histogram with setting of 3-4 dependent upon pair traded.

Have price oscillation set at 4 in order to gage depth of PA oscillation to assist in measuring swing trough size. Need at least 17-22 pip troughs dependent upon pair to be effective. Larger spread needs larger trough.

Plan is very dependent on trading time as is any plan I set forth. Cannot just trade any time of day. I trade London/U.S. overlap exclusively.

Regards.
  • #4,242
  • Jul 8, 2009 10:08pm Jul 8, 2009 10:08pm
Quoting f4mnect
ft, fz what ever, technique scalper, all the same. here it is
Thanks for posting I didn't have the version without the alarm.
  • #4,243
  • Jul 8, 2009 10:42pm Jul 8, 2009 10:42pm
And I thought Swingman was joking about it....
If you haven't already you may want to check out his new thread if your still into Trendmagic stuff...
I need to learn to code like Swingman
Attached Image (click to enlarge)
Click to Enlarge Name: Swingman4.GIF Size: 52 KB
  • #4,244
  • Jul 9, 2009 12:33am Jul 9, 2009 12:33am
Quoting f4mnect
the 1 and 0 settings are for how it displays nothing else, it's not like say a stoch 5/3/3 or macd and that indicator is set up only to display the histogram, the other version has i think 4 different displays it can show, histogram being 1 of them.
Hi, can you post the template please?
Is the stocastic in the mt4 folder or is it another version?
  • #4,245
  • Jul 9, 2009 1:17am Jul 9, 2009 1:17am
F4mnect, is it possible to post your template as it looks really precise on entry, appreciate it!!
  • #4,246
  • Jul 9, 2009 1:52am Jul 9, 2009 1:52am
Here is the bollinger squeeze vstoch (adv stochastic) like
seen on F4's layout.

Brian

Quoting Pipsnator
Hi, can you post the template please?
Is the stocastic in the mt4 folder or is it another version?
Attached File(s)
File Type: mq4 Bollinger Squeeze vStoch513.mq4   5 KB | 504 downloads
  • #4,247
  • Jul 9, 2009 2:00am Jul 9, 2009 2:00am
Guys is there not a way of filtering bad trades, looking at the trades Quantum4x mentioned earlier
  • #4,248
  • Jul 9, 2009 2:00am Jul 9, 2009 2:00am
5/1/3 or the 5/3/3, see what u like better. i'll post a template later
Attached File(s)
File Type: mq4 Bollinger Squeeze vStoch533.mq4   5 KB | 674 downloads
  • #4,249
  • Jul 9, 2009 2:06am Jul 9, 2009 2:06am
I posted a screen shot of what I trade, for myself it does a pretty good job of filtering. But also I like the 2nd bounce of a move, which in it's self is a good filter for me. heres a screen shot of what i mean. both what i call my 2nd bounce trade

Quoting ukcool
Guys is there not a way of filtering bad trades, looking at the trades Quantum4x mentioned earlier
Attached Image
  • #4,250
  • Jul 9, 2009 2:11am Jul 9, 2009 2:11am
Quoting f4mnect
I posted a screen shot of what I trade, for myself it does a pretty good job of filtering. But also I like the 2nd bounce of a move, which in it's self is a good filter for me. heres a screen shot of what i mean. both what i call my 2nd bounce trade

What is the setting on the FT that you have on your screen
  • #4,251
  • Jul 9, 2009 2:13am Jul 9, 2009 2:13am
23, i'm know to try out every damn number i can plug into something, not this time, liked it the way it was loaded and the way it signaled with the rest of my chart.

Quoting ukcool
What is the setting on the FT that you have on your screen
  • #4,252
  • Jul 9, 2009 2:43am Jul 9, 2009 2:43am
Thanks friends
  • #4,253
  • Jul 9, 2009 6:26am Jul 9, 2009 6:26am
i have added the stoch bars to edges set up.
See attached picture of the trades i could have taken if i was home
Now waiting for another signal.
Attached Image (click to enlarge)
Click to Enlarge Name: my set up.gif Size: 29 KB
  • #4,254
  • Jul 9, 2009 7:01am Jul 9, 2009 7:01am
picked up a quick 30 pips once the stoch bars confirmed the up trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #4,255
  • Jul 9, 2009 7:15am Jul 9, 2009 7:15am
Hello Folks,

Here is another set up similar to EdgeTrader's.
It is also very effective. I have been testing it for
a while and it is also very powerful. It is very handy especially in
situations where there is no Trix or LWMA.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic.gif Size: 16 KB
  • #4,256
  • Jul 9, 2009 7:47am Jul 9, 2009 7:47am
It is a high probability success system
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_2.gif Size: 23 KB
  • #4,257
  • Jul 9, 2009 8:26am Jul 9, 2009 8:26am
Hey maxwell, can you or anyone else post that trix indi on your chart that turns from green to black..Thanks alot.
Quoting maxwell-eqtn
It is a high probability success system
  • #4,258
  • Jul 9, 2009 8:31am Jul 9, 2009 8:31am
Quoting Quantum4x
I will definitely try the 7/14, I'll write to you regarding the other one since I don't want to change the subject with my thread.
Very nice idea. Thank you.

Here's yesterday's setups. Again I'm seing it's 3 bad vs. 2 good. Even with a 20SL or the 7/14 I would have lost them.
Anyone had good setups yesterday with Edge's system?
I love the concept, I just seem to be missing something.
Another idea .. you are trading in both directions and that may be beyond your skill level at this point. (it certainly is beyond mine!). What I do is watch the H1 to determine trend then on the 5 min I only take trades in the direction of that trend & only on pullbacks. A few posts back in this thread someone posted a Bollinger stochastic indy that can help identify the pullbacks and when they are ending.

You also have to find the indys you are comfortable with .. I think dozens have been posted in this thread and I have gone through most of them, still trying to 'keep it simple' as per Edge(!)
I'm attaching my latest 5 m template of what I have come up with as of today...

Indicators used are:
Volty channel (matrix VCS) above as I like this one for overall trend although it lags the other indys.
first window: TRIX twice in with 3,1 and 2,1 settings and the smTRIX with
3,0 and the MA color ventana (mine is set at 13 instead of 12 as I like the fibonacci numbers)
2nd window: Heiken Ashi shown as bars, I prefer it this way to keep actual candles on the chart
3rd window: the Bollinger stochs indicator posted a bit earlier in this thread.

FWIW .. and probaby subject to further change .. but I am liking the signals it gives .. and I trade within the H1 trend during the hours suggested by Edge.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Attached File(s)
File Type: tpl 5 min edge.tpl   15 KB | 542 downloads
******************* I'd rather make money than be right.
  • #4,259
  • Jul 9, 2009 8:31am Jul 9, 2009 8:31am
In backtesting i'm sure it is. Live will be a whole different story. Those entries are not going to be the same or easy to get when things are moving. "K.I.S.S."
Good luck with that set up and I hope you do well with it.

Quoting maxwell-eqtn
It is a high probability success system
  • #4,260
  • Jul 9, 2009 8:32am Jul 9, 2009 8:32am
Quoting stunna29
Hey maxwell, can you or anyone else post that trix indi on your chart that turns from green to black..Thanks alot.
Its called smTRIX and you can find it by clicking the attachment button at top right of this thread.
******************* I'd rather make money than be right.
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